Private equity–backed Polynt offers to buy Total's CCP Composites

12:34 PM MDT | July 11, 2014 | Francinia Protti-Alvarez

CCP Composites (Courbevoie, France), a Total subsidiary specialized in composite resins; and Polynt Group (Scanzorosciate, Italy) plan to combine in a deal that would create an integrated composite resins producer that would rank first in Europe and third worldwide, Total says. Polynt's firm offer for CCP Composites will be presented to the employee representatives concerned, as part of required information and consultation procedures, Total says. “The composite resins business is highly specialized and not integrated with Total’s petrochemicals...